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Financial wellbeing is essential to staying in control of your life and meeting your goals. Navigating the ins and outs of banking may seem complicated but we're here to help. Read up to become familiar with all sorts of banking jargon and concepts. Soon you'll be understanding the basics of cards, accounts, and fees, manage your finances with confidence, and get the most out of your accounts. Screen reader support enabled.

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Security Checklist: Find out how safe your UD bank account is

Are you sure that your UnionDigital Bank App is really safe and secure? Take this quiz to know the level of security of your account. Select your answer for each item below– and add up the corresponding numbers for each. What are the characters in your password? 1 point: Letters Only 2 points: Numbers Only 3 points: Alphanumeric with a mix of uppercase and lowercase letters Where do you keep your passwords? 1 point: I keep them on the notes app on my phone. 2 points: I write them in a notebook. 3 points: I try to memorize them as much as possible. What kind of lock protection do you have on your phone? 1 point: I don't have one. 2 points: Password. 3 points: Biometrics (fingerprint, face ID). How do you update your apps? 1 point: I do not update my apps. 2 points: I update by downloading on a third-party source. As long as I can download and update my app, I use whatever means possible. 3 points: I always keep my apps up to date and only download through the official app store(ex. Google Play, Apple App Store, etc.). When you receive a text message with links, what do you do? 1 point: I click the link immediately. 2 points: I read the message first and then click. 3 points: I check the sender.If it is from an official source, I copy and paste the links on a browser. When you need a WiFi connection, where do you connect to? 1 point: I connect to whatever doesn't have a password. 2 points: I only connect to WiFi spots that can be trusted. 3 points: I make sure that I choose a WPA-2 password-protected WiFi spot and that I trust its owners. Is your bluetooth always on? 1 point: My bluetooth is always on. 2 points: I only turn on my bluetooth when necessary. 3 points: I turn my bluetooth off when making important transactions. What internet connection do you use when you make transactions with your Union Digital Bank app? 1 point: I make transactions with my Union Digital Bank app using public Wi-Fi connections. 2 points: I use my neighbor's WiFi connection when I make transactions with my UnionDigital Bank app. 3 points: I make sure I have a secured internet connection (e.g. using personal data connection on mobile phone; personal WiFi; etc.) when I make transactions with my Union Digital Bank app....
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6 Habits to Boost your FiQ

We live in an age of uncertainty and how we manage our finances is something we need to think about. You may not have all the money in the world– but there are still ways to make the most of what you have. Knowing your Financial Intelligence Quotient (FiQ) is very important. FiQ refers to the ways we apply our knowledge about saving, spending, and investing into our lives. It's one thing to know how money works, but it's another thing to turn that knowledge into action. To do this, we have to change certain mindsets we may have had about money in the past. When we understand this, we can turn what we know into better financial habits. It's more than just budgeting it's also making a plan for your future. With that, Here are seven good habits to follow to help boost your FiQ. Tip #1: Rethink Your Relationship with Money Reevaluating our relationship with money can actually help us move forward and make better financial decisions. We can start with even the most basic questions. Ask yourself, what is my money for and what role does it play in my life? Is it a means to getting what I want? Or could it be the key to a better life? These questions are very simple, but they help us understand the purpose of money, which is different depending on your goals and situation. By understanding what we need money for, each of us can make smarter, more informed decisions about how to use it. Tip #2: Keep your long-term goals in mind Most of us decide on what to spend only on a given day or week. That's not entirely wrong, since we do have to consider what's right in front us. However, we can all be more strategic on how we budget our money. When we are strategic, that means we have a specific goal in mind rather than simply making decisions here and there. Thinking strategically means making long-term goals. This means looking beyond what we have to do for just the next day, week, or month but even what we want to do in the next few years. Do you want to start raising a family in the next ten years? Or perhaps get a house and lot? Do you want to go on a vacation to Singapore next year? These things should be kept in mind when we make any spending or saving decisions. Tip #3: Live Within Your Means To live within your means is all about following a budget, being disciplined in your spending, and saving routinely. This all goes back to keeping in mind our long-term goals, determining what we should and should not spend on. By limiting our spending to only our disposable income, or the money we choose to spend after the basics are covered, we are then able to take charge of our financial well-being. It's in the little things. You can start by cutting down on your milk tea or coffee spendings or choosing to cook instead of eating out. Remember, every peso we save now is a peso we can use for our future. Tip #4: Control the urge to splurge We should also remember that the little things that we choose not to spend on make all the difference. Should we buy that next bottle of beer or get that next online budol? All those things could amount to savings in the near future. Remember, always keep your long-term goals in mind the payoff at the end is always the most rewarding. Not having a broader view of your cash flow and mindlessly spending on items without considering your long-term goals, you become more susceptible to spending more than your disposable income. Of course, this doesn't mean that we cannot spend on things that we want from time to time. I mean, who doesn't want a nice pair of shoes once in a while? Treating yourself is important too, as long as we remember not to overspend on our wants at the expense of our long-term goals. Tip #5: Get real and acknowledge your current life situation In making smart financial decisions, it's best to keep in mind and consider your current status in life. Are you the one providing for your family? Are you the one taking care of paying the bills in the household? Are you still living with your parents? These questions, among others, will help you put your financial decisions into context and allow you to prioritize your spending. We have to keep in mind that not all of us are in the same situation, and that's completely fine. We must learn to accept where we are right now and adjust our spendings based on that to make smarter choices. From there, we can thrive and eventually 'upgrade' ourselves to the next level, especially when we're already more capable maybe start investing in stocks? In crypto? Start a new hobby? Remember, all good things take time. Trust the process and be patient. Tip #6: Keep on learning There are many resources you can use to learn and increase your financial intelligence quotient (FiQ). The internet is definitely your friend in looking for the best ways to save or in finding that perfect app to track your savings. You can even start reading up on how you can make the most out of your money through loan applications and even starting your own investments in cryptocurrencies, stocks, etc. Maximize free materials and tools available and for sure your journey in increasing your FiQ will be a breeze. UnionDigital Bank has a collection of articles that can help you achieve your financial goals! To learn more about tips in managing and growing your money, you can head on to our Financial Literacy Hub to access articles that best suit your needs...
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Keeping your UD account safe and secure

With your UnionDigital Bank app– you can be guaranteed of a safe and innovative way to hold your money. Still, the threat of online bank account hacking is a serious problem that anyone connected to the internet has to deal with. There are tons of spam starting to infiltrate accounts and viruses that can wreak havoc on networks. All of these can make your information and money vulnerable. To stop the trouble before it reaches us, here are five simple ways you can make sure your UnionDigital Bank account is safe and secure. Lock Your Screen. You don't want anyone to be a few clicks away from your money. That is why we recommend making your smartphone more secure by adding a lock code, pattern or fingerprint. You can easily activate this in your respective phone settings. This will come in handy, especially if your phone goes missing or if it gets stolen. It won't be easy for anyone to open it since it's code protected. Protect Your Passwords and Pins. We know that it's hard to remember all your passwords, especially when there are lots of numbers and symbols involved. Still , never save any bank-related passwords, usernames, PINs on your smartphone. If your phone is stolen or becomes infected with malware, this will increase your risk of falling prey to cyber criminals. Try memorizing your passwords as much as possible and do not share your passwords with others. Update Your Mobile Operating System. Your phone brand (e.g. Apple, Samsung, Huwawei, Oppo) regularly issues software updates. Aside from ensuring your device operates with the best and latest technology, these updates also protect you against new safety defects. We recommend that you regularly update the software on your smartphone. By doing this, you make sure that your UnionDigital Bank app is at its best performance to keep your money safe. Update Your Mobile Banking Apps. Aside from updating your device itself, it is also very important to make sure that your UnionDigital Bank App is updated as well. You can expect that the UD app works much better with every update we put out. Make sure you download your UnionDigital Bank app , and any other apps for that matter , only from the official manufacturers' stores such as the Apple App Store or Google Play Store. Even then, don't just download any new application that seems interesting. Check if the developer is trustworthy and the app itself has a high rating. Many apps could contain malware and could easily get your sensitive details. Be Careful With WiFi and Bluetooth. Right now, there are a lot of accessible free WiFi spots in public spaces. As much as possible, do not make online purchases while using free public WiFi connections. It's best to do these things securely, preferably using your own data connection. Another function on our smartphones that we often neglect is our Bluetooth connection. Bluetooth connections are actually very vulnerable to attacks, if one does not take important security measures. Hackers can get information and send unsolicited information to and from your device. Make sure your bluetooth devices (i.e. cellphone, headset) are hidden from public visibility so that no unwanted visitors make a connection (Pandy and Khare). With hackers getting more sophisticated with their ways of stealing your information, it pays to be extra safe. We strongly recommend that you disable publicly accessible WiFi connections and your device's Bluetooth function before you make a mobile connection to your bank. Even if you're using a private WiFi network, you should check that it's password-protected by the WPA2 system. In the end, these simple steps can go a long way towards preventing cybercrime. People can't hack your money if you don't give them a way in. UnionDigital Bank has a collection of articles that can help you ensure the safety of your account and achieve your financial goals! To learn more about tips in managing and growing your money, you can head on to our Financial Literacy Hub to access articles that best suit your needs...
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4 Ways Your UD Bank Account Make it Easy for You to Save

Did you know that with your UnionDigital Bank app– you have the opportunity to make the most of your money all in one place? Here are four different ways the UD lets you have save and spend better. You can keep it all in one place. You can store every peso in your UnionDigital Bank app. Let it be the one stop to save, send, receive, spend, and manage all your funds. No more looking around for loose bills and coins- it's all on your phone. You can track your expenses. Every time money goes in and out of your UnionDigital Bank account, the app keeps a record. This makes it easier to accurately plan out your budget and take control of your finances. You are secure. Having a physical wallet in your pocket means it can easily be stolen. A mobile wallet, however, can be safely hidden and locked in your phone. You have instant control. There's no need to withdraw at your nearest ATM because your UnionDigital Bank app can easily send and receive money directly from your phone. ...
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Being Financially Literate: What Does it Mean for Play-to-Earn...

3 easy steps to get started in building your financial health while playing and earning from NFT games. Imagine this: You won this week's tourney. You get your earnings. What do you do next – let it sit there? After you earn, it's still important to find ways to save and make more out of your money and your crypto earnings.It's one thing to get the money. It's an entirely different ball game to manage your fiat and crypto earnings over a longer period of time, and make the needed adjustments to live within your means. While that seems like a daunting task, you definitely don't need to do it alone. Here are three (3) easy steps you can follow to improve your financial footprint as you play and earn from NFT games. Apply for an online bank accountThis is the first step towards better management and control of all your earnings. Having a bank account means you have access to your peso both physically, wherever there is a bank branch or ATM, or digitally, through your mobile app.The security of your money is also guaranteed once you open a bank account. It keeps your money safe from theft and fires and more importantly, it is insured for up to P 500,000.00 by the Philippine Deposit Insurance Corporation (PDIC).What does this mean for your crypto earnings, then? It's simple. This just means you can better compartmentalize and save your extra fiat on your bank account and have access to it online anytime you need it. Your crypto can remain in your respective wallet, while your bank account can serve as a means to store your extra fiat savings for immediate needs.The UnionDigital Bank app can be a stepping stone for a full-fledged bank account. Here, you can save and spend on a larger scale , all while watching your money grow. With an account readily available on your smartphone, you have access to more financial services and exclusive perks. Increase bank transactionsMost banks can help you access credit cards or loans for big purchases like a house or car. But before they approve anyone for a loan/credit, banks need to review a person's financial footprint to decide if they are capable of repaying.A person's financial footprint gives banks a glance at how responsibly a person uses their money and includes the history of their accounts, savings, expenses, and income as well as previous credit/loan activity. A healthy footprint usually indicates someone who is trustworthy with money, which looks good to banks. Therefore, a good financial footprint makes it easier to get approved for new loans or new lines of credit, since someone with a good footprint is more likely to repay. This includes which credit cards you can qualify for, or whether you qualify at all, and can even affect your ability to rent things like a car or apartment.Maximizing your bank account is an important step in creating a healthy financial footprint, which leads to more and better opportunities. In order to do that, use your account often and make the most of banking features you have available. Someone who makes frequent payments and deposits into their account, for example, has a much healthier and clear financial footprint than someone who has no activity.The UnionDigital Bank app offers a range of money transfer functions , what you do with it will be proof that you can handle bigger finances. Your UnionDigital Bank app keeps a record of your ability to make transactions. This increases your financial footprint which lets not only UnionDigital, but also other banks and institutions know what products you should qualify for. Broaden your horizon and start investingInvesting is a way to earn passive income by having your money work for you. When you put money into a good investment, that money grows over time without any additional work required. If you have extra funds lying around, either sitting in a savings account or a crypto wallet, you are missing an opportunity to earn passive income by investing those funds.While investing can be intimidating for newbies, learning how to do it right is very powerful for building wealth. It is never too early to start learning. The first step is to educate yourself on the available investments for you to grow and make the most out of your money. Is it stocks? Bonds? Mutual Funds? Do your research and see what fits you and your goals best.The next step is to decide how much you're willing to invest. Especially when you are new to an investment, remember to only invest amounts that you are willing to lose. Expect to make mistakes, and you will find much more success in the long run.The third step is to pick an investment strategy and be consistent. Are you looking at short-term goals or long-term goals? Are you up for high-risk investments or low-risk investments? Whatever strategy you decide to use, remember to stay consistent. Frequently switching strategies will most likely lead to mixed results and losing money.Bottomline is, before signing up for any kind of investment, ensure that you do proper due diligence and know what you're getting into. It may seem overwhelming at the beginning but the sooner you get started, the sooner you can start making your money work for you. ...
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